JUST AS EX­PECTED

Finweek English Edition - - SIMON SAYS -

Coro­na­tion re­sults were as ex­pected af­ter t he re­cent t rad­ing up­date as wel l a s f r om r epeated warn­ings from man­age­ment that the pre­vi­ous amaz­ing re­sults were not sus­tain­able. For t he si x months to end March, t hey r e c orded HEPS of 2 4 6.7c and paid out a div­i­dend of 246c, pretty much re­turn­ing all prof its to share­hold­ers. What struck me was in the com­men­tary, where they re­fer to fund re­turns gross of fees. This is pretty much a mean­ing­less num­ber

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